Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / Propel Bio Partners, L.P.

Propel Bio Partners, L.P.

Active deploymentUnknownFundADV: Venture Capital FundPropel Bio Management, LLCDelaware
Amounts, each with its basis
Vintage
2022basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
$150Mwhat may be sold, not what was raised; file 021-437849, sworn by the adviser or filed under this vehicle
Form D sold
$39.0Mas of the filing of Mar 15, 2023, 14 investors
First sale
May 4, 2022
Reported GAV
$44.4Mon the Form ADV filed Jul 9, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
14
Reported on ADV
Oct 17, 2022 to Jul 9, 2024
Fundraising evidence
Unknown
latest Form D 2023-03-15, older than 15 months (fr-1)
evidence dated Mar 15, 2023. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Active deployment
vintage 2 to 4 years
age years: 4first sale: 2022-05-04vintage year: $2,022adv gav as of: 2024-07-09vintage basis: form_d_first_saleform d sold usd: $39.0Mform d offering usd: $150Mform d latest filed at: 2023-03-15
The fund's own reporting through time
5 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Oct 17, 2022Venture Capital Fund$29.2M
5$1.0M0%yes
Mar 31, 2023Venture Capital Fund$40.0M
14$1.0M69%yes
Aug 15, 2023Venture Capital Fund$40.0M
14$1.0M69%yes
Mar 25, 2024Venture Capital Fund$44.4M
14$1.0M60%yes
Jul 9, 2024Venture Capital Fund$44.4M
14$1.0M60%yes
Principals and agents
2 principals on Form D, 0 placement agents
  • Leen Kawas Director
  • a Delaware Limited Liability Company PBP Partners LLC. Director
Limited partners and their reported performance
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
3 events
  1. Mar 15, 2023
    Propel Bio Partners L.P. filed Form D/A: $38,950,000 sold of $150,000,000, Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Oct 17, 2022
    Propel Bio Partners, L.P. first reported on Form ADV by PBP Management LLC (Venture Capital Fund), GAV $29,164,884
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Mar 18, 2022
    Propel Bio Partners L.P. filed Form D: no sales yet of $150,000,000, Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
31 observations
Every observation on this vehicle